Not Recession Proof

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Economists tend to argue that it doesn’t much matter whether the official figures show that the economy grew marginally in the first quarter, or shrank by a fraction. The broad picture is that the economy appears to be bumping along the bottom. Whether Britain is in technical recession is really neither here nor there, they say.

In a sense they are right. Whether or not we are back in recession, it certainly feels that way to the millions struggling to make ends meet in the face of a ferocious squeeze on living standards, to the hundreds of thousands who have